Charging a 2027 Hyundai Ioniq 5 AWD XRT at home in Michigan

A 2027 Hyundai Ioniq 5 AWD XRT draws 35.8 kWh per 100 miles per the EPA; at Michigan's 21.14¢/kWh residential rate that's $7.56 per 100 miles charged at home, versus $16.02 for a 25.5-mpg gas car covering the same distance. That works out to 52.8% cheaper per mile than gasoline in Michigan — charging at home is much cheaper than gas here.

What a year of driving costs

Michigan owners putting 15,000 annual miles on a 2027 Hyundai Ioniq 5 AWD XRT spend about $1,134 on home electricity, compared to about $2,403 a gas-car equivalent would spend on fuel. Call it about $1,269 saved annually, at this mileage.

Cost of a full charge

At Michigan's rate, fully covering this 2027 Hyundai Ioniq 5 AWD XRT's 259-mile EPA range costs about $19.58 (92.6 kWh) — the energy the EPA test actually used, not the battery's rated size.

Where this ranks

Among all 20,400 state-and-model combinations this site tracks, charging a 2027 Hyundai Ioniq 5 AWD XRT in Michigan ranks 14,268 for cost savings versus gas — 1 being the best deal nationally. Separately, the Hyundai Ioniq 5 AWD XRT ranks 164 of 400 EV models for raw efficiency, and Michigan ranks 38 of 51 for cheapest residential electricity.

Getting set up to charge a 2027 Hyundai Ioniq 5 AWD XRT at home

Everything above is the per-mile and per-year cost once a home charger exists — getting one installed is a separate electrical job whose price depends on your panel and wiring, not the state average used here.

Get quotes from local electricians for Level 2 charger installation in Michigan before deciding.

More on how this number was built

The methodology guide names the exact EIA and EPA tables behind this page's numbers. At 21.14¢/kWh, Michigan sits in the middle of the national range — the guide to why charging cost varies by state shows where.